Pacific Life Re Announces Third Block Reinsurance Deal with Tokio Marine & Nichido Life
JAPAN – June 9th, 2026 – Pacific Life Re, a leader in the global life reinsurance industry, has announced its third asset-intensive block reinsurance deal with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life).
Building on the success of transactions completed in 2024 and 2025, this deal covers in-force whole of life policies and will help Anshin Life reduce its portfolio’s long-term interest rate risk, while continuing to support and protect policyholders. The deal will also contribute to the advancement of the insurance company’s asset-liability management capabilities.
Rupen Shah, Managing Director, Asia Pacific and Individual Retirement of Savings & Retirement, Pacific Life Re commented, "We’re delighted to announce this third block transaction with Anshin Life, reinforcing our long-standing partnership. Delivering these solutions in Japan underscores our long-term commitment to the market and remains a key part of our core business strategy. Through the transfer of Anshin Life’s risk to Pacific Life Re, their organization is able to more efficiently manage and optimise their product portfolio, helping to achieve broader business objectives.”
Pacific Life Re is the global reinsurance business of Pacific Life which has exceptional financial strength ratings and a long history for honouring policyholder promises for nearly 160 years.
This deal was supported by global professional services firm Aon.
About Pacific Life Re
Pacific Life Re provides mortality, morbidity, and longevity reinsurance products, asset intensive and capital solutions and works with clients in Asia, the UK and Europe, Australia, and North America. The company is a global diversified counterparty rated AA- (stable) by Standard & Poor's and is a wholly owned subsidiary of Pacific Life. For more information about Pacific Life Re, please visit www.pacificlifere.com
About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries and sovereignties with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.
Soichiro Makimoto
Head of Japan Representative Office